Sandoz Corporation was organized on January 1, 2012, with authorized capital of 500,000 shares of $10 par value common stock.

Sandoz Corporation was organized on January 1, 2012, with authorized capital of 500,000 shares of $10 par value common stock. During 2012, Sandoz issued 20,000 shares at $12 per share, purchased 2,000 shares of treasury stock at $13 per share, and sold 2,000 shares of treasury stock at $14 per share. What is the amount of additional paid-in capital at December 31, 2012?
Answer A. $40,000
B. $0
C. $42,000
D. $2,000
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